LYC deepens the reform of municipal enterprises to promote the improvement of core competitiveness

Recently, the advanced gearbox bearing production line of Luoyang Bearing Group Co., Ltd. came with bursts of busy sounds, marking Luoxiang Group to seize industry opportunities and accelerate the pace of the formation of new quality productivity.

The product just off the line in this production line is a 6 MW high-power wind power bearing independently developed by LYC. The launch of this bearing solves the core problem of the autonomy of China's high-power wind power gearbox bearings, and also marks the realization of the independent production of high-end bearings, the product technology level has reached the international leading level, and the localization rate has reached 100%.

The reorganization of LYC has brought new opportunities for its development. As a successful case of state-owned enterprise reform in Luoyang, Luoxiang Group has undergone two mixed ownership reforms since 2022, introducing strategic investors such as Zheng Coal Machinery Group and AVIC Industry Investment to set up joint stock companies. These reform measures have stimulated the enthusiasm and vitality of the enterprise's second entrepreneurship, and written a new chapter of the rebirth of Luoxing Group.

At present, LYC sprint A-share listing preparations have entered the Henan Securities Regulatory Bureau guidance filing stage. Luoxiang Group is committed to becoming a high-end, service-oriented and internationalized world bearing supplier integrating research and development, production and service.

A series of restructuring and integration projects are rapidly advancing in Luoyang, forming a new development pattern.

Luoyang Industrial Holding Group Co., Ltd. was formally established recently, integrating Guohong Group, Wanji Group and other high-quality industrial equity, the business scope covers bearing and intelligent equipment manufacturing, high-end petrochemical, aluminum and aluminum deep processing, electricity, new energy and other more than 30 fields, the total assets of more than 100 billion yuan.

In addition, Luoyang Trading Company is also in the process of preparation, aiming to focus on the construction of a large transportation system, to achieve the integrated development of public transportation investment, construction, operation and management, and to create a first-class comprehensive operator of public transportation investment and development in China.

In accordance with the principles of similar industries, related industries, the same main business and complementary advantages, Luoyang City vigorously promotes the reorganization and integration of city-owned enterprises, and has initially formed a “4+1+N” state-owned assets layout, and city-owned state-owned enterprises are transforming from traditional investment and financing platforms to modern enterprises.

The relevant person in charge of the municipal SASAC said: “The reform of state-owned assets and state-owned enterprises is one of the key tasks of comprehensively deepening reform in Luoyang, we will deeply implement the spirit of the Third Plenary Session of the 20th Central Committee of the Party, continue to optimize the layout of state-owned assets, deepen the reform of enterprises, and contribute more state-owned assets and state-owned enterprises to the construction of modern Luoyang.”